Nov. 13 at 2:06 AM
$BWA: The last close at
$45.77 is near the 60D high of
$45.88, indicating a strong resistance level. The RSI at 64.93 suggests the stock is approaching overbought territory, which may limit upside potential in the short term. The MA30 at
$43.5 and MA50 at
$43.63 indicate a bullish trend, as the price is above both moving averages, providing support levels.
Market context shows the stock is trading near its recent high, which could lead to a pullback.
Suggested entry:
$45.50, slightly below the current price to capture potential retracement.
Stop loss:
$44.50, to limit downside risk if the trade moves against us.
Targets: First target at
$46.50, just above the 60D high, and a second target at
$47.50, allowing for further upside if momentum continues.
Monitor RSI and price action closely as they may signal a reversal.
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